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NEW QUESTION: 1
Is this a tool that a solution architect can use to create HPE ConvergedSystems 500 Scale-up configuration, including bill of materials? HPE Ninja Sizer
A. No
B. Yes
Answer: A
NEW QUESTION: 2
Which of the following is one of the most common side effects of vancomycin?
A. Hallucinations
B. Diarrhea
C. Weight gain
D. Ototoxicity
E. Disulfiram like side effect
Answer: D
NEW QUESTION: 3
HiTop Investments main office is located in the state of Colorado. A registered representative of the firm
sent out an e-mail to his clients, some of whom reside in other states, promoting the firm's Colorado
Municipal Bond Fund, which invests exclusively in bonds offered by the state and local governments of
Colorado. In the e-mail, the representative states, "These bonds provide income that is free from both
federal and state taxes and may also be free from local taxation, if any exists." Is this e-mail in violation of
any securities' laws?
A. Yes. A fund that invests only in bonds offered by state and local governments of one state may not be
sold to investors who reside in other states.
B. Yes. The representative's statement that the "bonds provide income that is free from both federal and
state taxes and may also be free from local taxation, if any exists," is untrue.
C. Yes. Advertisements referring to a specific fund may not be distributed by electronic means.
D. No. Since the fund invests exclusively in bonds offered by the state and local governments of Colorado,
the representative's statement contains no misstatement of fact.
Answer: B
Explanation:
Yes, the e-mail is in violation of the Securities Act of 1933 because the representative's
statement that the "bonds provide income that is free from both federal and state taxes and may also be
free from local taxation, if any exists," is an untrue statement of a material fact. Although the income will
be free from federal taxation, residents of states other than Colorado will likely be required to pay state
and local income taxes on the interest earned. It is not illegal to sell municipal bonds to investors in other
states or to distribute advertisements by electronic means.